Computer Numerical Control Global Market Report 2023

“Computer Numerical Control Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on computer numerical control market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for computer numerical control? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The computer numerical control market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Lathe Machines; Milling Machines; Laser Machines; Grinding Machines; Welding Machines; Winding Machines; Other Types

• 2) By Product Type: Software; Solutions

• 3) By End Use Industry: Aerospace And Defense; Automobile; Electronics; Healthcare; Other End Use Industries

• Companies Mentioned: Soft Servo Systems Inc.; Heidenhain GmbH; Bosch Rexroth AG; Sandvik AB; Haas Automation

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the computer numerical control market are Soft Servo Systems Inc., Heidenhain GmbH, Bosch Rexroth AG, Sandvik AB, Haas Automation, Mitsubishi Electric Corporation, FANUC Corporation, Okuma Corporation, Hurco Companies Inc., Dalian Machine Tool Group Corporation, Siemens AG, Fagor Automation, GSK CNC Equipment Co Ltd., Datron AG, Amada Co Ltd., Amera-Seiki Corporation, DMG Mori, Shenyang Machine Tool Co Ltd., Yamazaki Mazak Corporation, Mondragon Corporation, and JTEKT Corporation.

The global computer numerical control market is expected to grow from $15.44 billion in 2022 to $16.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The computer numerical control market is expected to grow to $20.60 billion in 2027 at a CAGR of 5.9%.

The computer numerical control market consists of revenues earned by entities by providing computer numerical control utilizing solutions and software such as CAM, CAD, and CAE. The market value includes the value of related goods sold by the service provider or included within the service offering. The computer numerical control market also includes sales of CNC machines and hardware used in providing CNC services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Computer numerical control (CNC) refers to a computer-assisted, highly accurate manufacturing process in which controlled machining is automated using pre-programmed CAD (computer-aided design) software, which does not require an operator. The fundamental benefit of CNC machines is their ability to run unattended throughout the manufacturing and machining cycles, letting the operator perform other work elsewhere.

Asia-Pacific was the largest region in the computer numerical control market in 2022. Europe was the second-largest region in the computer numerical control market. The regions covered in the computer numerical control market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of computer numerical controls are lathe machines, milling machines, laser machines, grinding machines, welding machines, winding machines, and others. A lathe machine refers to a machine tool used to extract metal from a workpiece to achieve the desired form and size. The various product types involved are software and solutions that are used by aerospace and defense, automobile, electronics, healthcare, and other end-use industries.

The increasing demand for electric vehicles is expected to propel the demand for the computer numerical control market going forward. An electric vehicle (EV) is a vehicle that runs on an electric motor using electricity rather than an internal-combustion engine and generates power by burning a mixture of gasoline and gases. Computer numerical control technology is required for the automated and bulk manufacture of electric vehicles minimizing costs for producers. For instance, in May 2022, according to the Global Electric Vehicle Outlook report by the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, the sales of electric cars increased by two times in 2021 to 6.6 million. In addition, the sales grew in 2022 with 2 million electric cars sold globally in the first quarter. Thus, the increasing demand for electric vehicles will drive the computer numerical control market.

Technological advancements have emerged as a key trend gaining popularity in the computer numerical control market. Major companies operating in the computer numerical control market are focused on innovating new technologies to sustain their position in the market. For instance, in April 2020, HEIDENHAIN, a Germany-based privately owned enterprise offering numerical controls, announced the launch of TNC 640 control, a new generation control technology. This control supports machines ranging from 3-axis milling to 5-axis simultaneous machining with up to 24 axes of milling, turning, and grinding. This control features new jig grinding functions, extended workspace compact, and optimized contour milling. It features powerful inverters and controller technology and also enables convenient remote monitoring of efficiency improvements and increases return on investment on its CNC functions.

In September 2021, Sandvik AB, a Sweden-based high-tech engineering company acquired CNC Software Inc for an undisclosed amount. Through this acquisition, Sandvik obtained world-class computer-aided manufacturing (CAM) brand in the Mastercam software package, as well as the industry's largest installed base of about 270,000 licenses or users, a strong market reseller network, and well-established collaborations with top machine makers and tooling firms. CNC Software Inc is a US-based software company that specializes in CAD (computer-aided design)/CAM software solutions for manufacturing industries.

The countries covered in the computer numerical control market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The computer numerical controls market research report is one of a series of new reports from The Business Research Company that provides computer numerical controls market statistics, including computer numerical controls industry global market size, regional shares, competitors with computer numerical controls market share, detailed computer numerical controls market segments, market trends, and opportunities, and any further data you may need to thrive in the computer numerical controls industry. This computer numerical controls market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.